Document library
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- Author:
- Anthony Butcher QC
- Source:
- Staple Inn Reading 2002
Why arbitrate?
My title is calculated to intrigue rather than to enlighten. Let me now say that my intention is to look practically, and in the light of my experience at the claims upon contestants, in the circumstances of today, of arbitration as a satisfactory means of ... read more >>
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- Author:
- Faculty and Institute of Actuaries; Association of Consulting Actuaries
- Source:
- Consultation response
Consultation by the Lord Chancellor's Department. Damages for future loss. Giving the courts the power to order periodical payments for future loss and care costs in personal injury cases
Joint Response by the Faculty and Institute of Actuaries and the Association of Consulting Actuaries 7 June 2002 Consultation by the Lord Chancellor's Department Damages for future loss Giving the courts the power to order periodical payments for future ... read more >>
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- Author:
- Professional Affairs Board
Professional Conduct Standards (referred to as the PCS). Version 2.0
PCS.V2.0 A1.1 PROFESSIONAL CONDUCT STANDARDS referred to as the PCS Author: Professional Affairs Board Status: Approved under Due Process Version Effective from 1.0 01. 07. 1999 2.0 01. 06. 2002 Previous documents are set out in ... read more >>
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- Author:
- Bruce Porteous
- Source:
- Insurance Risk, June 2002
Managing post-convergence risks in financial conglomerates
As financial services firms converge, the range of products they offer naturally increases. The next task is to choose the best methods to most effectively manage risk and economic capital. This article, prepared under the auspices of the UK actuarial ... read more >>
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- Author:
- Institute of Actuaries Designated Professional Body Committee
Compliance Bulletin 2, June 2002
Contents: Professional indemnity insurance (PII) INSTITUTE OF ACTUARIES Staple Inn Hall High Holborn London WC1V 7QJ DPB COMPLIANCE BULLETIN NO. 2 (June 2002) Professional Indemnity Insurance (PII) The DPB Committee ... read more >>
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- Author:
- John Ryan
- Source:
- General Insurance Spring Seminar 2002
Financial condition reporting (slides)
What does "financial condition" mean? Insurance company risk. Methods of modelling individual risks. Insurance as a means of mitigating risk. "Bringing it all together". Tail dependency. Risk measures. Importance of distribution of outcome. Loss insolvency ... read more >>
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- Author:
- David Gamble
- Source:
- General Insurance Spring Seminar 2002
There has never been a greater need for risk management (slides)
The hard market. The terrorist threat. Airlines property. Business interruption. Public liability/employers' liability/motor. Riots Damage Act. Airlines pool. Clarity and certainty. Definitions of terrorism. Joined up government. Risk management and ... read more >>
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- Author:
- James Widdows
- Source:
- General Insurance Spring Seminar 2002
The failure of insurance companies (slides)
The Fire, Auto and Marine Insurance Company (FAM). Independent insurance company independent insurance (various newspaper quotes). Premiums '50% below mark' in insurance scandal. Will you be hit by the independent debacle? FSA `derelict' in its duty over ... read more >>
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- Author:
- Simon Ashby
- Source:
- General Insurance Spring Seminar 2002
Insuring operational risk (slides)
Some Issues: Capacity constraints. Withdrawal of insurers. Disputes and delays in payment (eg due to exclusions and language problems). Complexity of op-risk. How can we establish proximate cause? More issues: Mis-pricing due to lack of data and ... read more >>
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- Author:
- Chris Lewin
- Source:
- General Insurance Spring Seminar 2002
Risk management: RAMP and STRATRISK (slides)
1 Risk Management RAMP and STRATRISK By Chris Lewin Chairman, RAMP Working Party 13 May 2002 Failures - Projects and Businesses “Titanic” Baring’s Bank/Allied-Irish Bank Jubilee Line Extension Heathrow Tunnel DSS Computer, etc Electric ... read more >>
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- Author:
- Pensions Board\; Peter Tompkins
Pensions Technical Memorandum 1 (TM1): Statutory Illustrations of Money Purchase Benefits (SMPI). Covering letter
In conjunction with the publication of The Occupational and Personal Pension Schemes (Disclosure of Information) Amendment Regulations 2002 SI 2002/1383 covering the Statutory Money Purchase Illustrations, under the Pension Schemes Act 1993, the Pensions ... read more >>
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- Author:
- David Lang
- Source:
- Current Issues in General Insurance 2002
State of the London Market
Introduction: Where the London Market has been. Where the London Market is now. What is the future of the London Market? Background: 1993 to 1996 - excellent underwriting conditions and good loss experience 1997 to 2000 - softening in terms/conditions and ... read more >>
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- Author:
- Rob Cowley
- Source:
- Current Issues in General Insurance 2002
Current issues in household insurance
1 Current Issues in Household Insurance Rob Cowley Norwich Union April 2002 Themes... The surface is (relatively) calm... Inflation 1996 - 2001 = 5% p.a. All Household Perils Cla im Frequenc y 0 .0 % 2 .0 % 4 .0 % 6 .0 % 8 .0 % 10 .0 % 12 ... read more >>
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- Author:
- Peter Clark
- Source:
- Current Issues in General Insurance 2002
Fair value accounting: IASC proposals
IASC proposals · Discussion Paper November 1999 · Draft Statements of Principle. How does this affect General Insurance? No difference in accounting between non-life, life, health or other types of insurance. Reinsurance accounted for the ... read more >>
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- Author:
- Tom Crossland
- Source:
- Current Issues in General Insurance 2002
Insolvency
A company is deemed unable to pay its debts if: it is proved to the satisfaction of the court that it is unable to pay its debts as they fall due [or] the value of the company's assets is less than the amount of its liabilities taking into account its ... read more >>
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- Author:
- Mark Malone
- Source:
- Current Issues in General Insurance 2002
Section 107 - discounting for tax
1 Section 107 Discounting for Tax Mark Malone 29 April 2002 ©2001 PricewaterhouseCoopers. PricewaterhouseCoopers refers to the individual member firms of the world-wide PricewaterhouseCoopers organisation. All rights ... read more >>
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- Author:
- Rob Cowley
- Source:
- Current Issues in General Insurance 2002
Current issues in household insurance
Current Issues in Household Insurance Rob Cowley Norwich Union April 2002 Themes... The surface is (relatively) calm... Inflation 1996 - 2001 = 5% p.a. All Household Perils … but there are swirling sub-currents! 2001 Household Costs by ... read more >>
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- Author:
- Mark Malone
- Source:
- Current Issues in General Insurance 2002
Section 107 - discounting for tax
Section 107 Discounting for Tax Mark Malone 29 April 2002 ©2001 PricewaterhouseCoopers. PricewaterhouseCoopers refers to the individual member firms of the world-wide PricewaterhouseCoopers organisation. All rights reserved. Background to current ... read more >>
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- Author:
- David Lang
- Source:
- Current Issues in General Insurance 2002
State of the London Market
Current Issues in General Insurance 29th April, 2002 State of the London Market David Lang Limit Underwriting Limited 1. Introduction Where the London Market has been Where the London Market is now What is the future of the London Market? 2. ... read more >>
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- Author:
- Tom Crossland
- Source:
- Current Issues in General Insurance 2002
Insolvency
Insolvency Tom Crossland The road to ruin Definitions Financial Services & Markets Act - IPRU(INS) Companies Act Insolvency Act Balance sheet Cash flow Definitions A company is deemed unable to pay its debts if: it is proved to the satisfaction of ... read more >>